Discussions Β» β†˜οΈ Iconic European brand takes a down-round, but lives to fight another day. (πŸ”— Visit source)

Sifted shares how Second Home have sold a majority stake to LA-based investor Riaz Valani for Β£7.8M (β‰ˆ$8.6M), signalling a huge drop from the pioneering network's previous Β£130M (β‰ˆ$142M) valuation.

The move wipes out the firms prolific angel investors' stakes, but does allow the brand to keep lights on and serving members for the near future.

πŸ—ž Back to Week 43, 2022 Newsletter Β· πŸ”— Direct Link Β· 🀝 Market Moves Β· ⏱ Shared 837 days ago.

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